This lesson introduces learners to inflation and interest rates - economic influences is quite a large topic area to cover so it is split into two parts. We start by looking at some shocking (for students) price changes in the last few decades before looking at how inflation is calculated and the implications on businesses and concumsers. We then go onto looking at interest rates and again, implications on consumers and businesses. Two essay exam style questions included on each topic - both with structure guidance and concise model answers to help students with peer assessments. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x PPT, 2x word files and can be delivered over a double lesson. Learners build on the knowledge of scarce resources by illustrating combinations of outputs on a PPF curve. We break down the curve with examples for different scenarios such as inefficient and efficient use of resources, students have an opportunity to consolidate this by having a go at drawing the curves. We then go on to look at shifts in the curves and causes of the shifts. A task to calculate opportunity cost before a group presentation task. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the important concept of specialisation and divison of labour, we start with a game where students produce a paper aeroplane, with and without specialisation to introduce the concept of efficiency when speciailising. We talk about the roots of this concept from Adam Smith and some real life examples of long supply chains yet the most efficient. After looking at divison of labour and functions of money, students have the opportunity to attempt a specialisation question (on a macro level rather than micro but same concept), structure guidance and a concise model answer is provided before we finish with a box plenary. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the fundamental concept of the basic economic problem, we start with an engaging group activity to highlight the problem of scarcity by distributing items between groups. This brings to light the concept of opportunity cost which we look at, students are given scenarios where they have to make choices and understand the opportunity cost involved in those choices. We then look at renewable and non renewable resources before a research task and box plenary to end with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to public goods, what they are with examples of them, we then consider the free rider problem and why the private sector doesn’t offer public goods. We then look at information gaps and examples of how this could lead to market failure through witholding information and moral hazard. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to negative and positive externalities, we look at examples of both, we also look at the different diagrams focusing on the socially optimum - all diagrams are animated and step-by-step so it easy for students to understand. We look at government policies for negative externalities before students attempt two kahoot quizzes and finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to different views of how and why consumers behave the way they do, we are not 100% rational as humans and we look at some engaging examples of why. Some consolidation activities followed by an exam style question on the Help to Buy scheme in property & rental market (where alternative views might be considered). A model answer is provided and marking grid for students to peer assess and make improvements to WWW and EBI. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x ppt, 2x essay questions, 1x calculation sheet. Learners are introduced to price elasticity of demand - a tricky concept at first but this resource breaks everything down step by step with plenty of calculation and essay exam practice. We start by looking at the concept of elasticity with an engaging Eastenders starter, we learn the key formulas needed to tackle any PED questions before looking at examples of some inelastic products. Students have the opportunity to calculate PED questions with answers on the board to show how answers are reached. We then go on to look at factors that affect the price elasticity of a product and apply this theory to a Nando’s 8 mark question - structure guidance and a model answer is provided for students to look at before peer assessing and responding to WWW and EBI. Another bonus question is included which is based on tobacco cigarettes vs vaping, students consider the different elasticities of the two products and explain why they might be different, full model answer provided for the class to look at and assess together. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to government failure, we look at reasons that can cause a net welfare loss to society through distortion of price signals, unintended consequences, excessive admin costs and information failure. Three links to kahoot quizzes on all of theme 1 to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 2x PPT, 2x word files and can be delivered over 2-3 lessons. Learners are introduced to employment and unenmployment. We start by learning about the two key measures of unemployment in the UK with activities, two short exam style questions with answers to consolidate before looking at the different types of unemployment that exist. We also look at the difference between unemployed and underemployed. In the second powerpoint, there is a focus on exam technique, we look at the effects of migration and then an essay exam style question on the impact on employment in the UK. We look at costs of unemployment to various parties before playing a kahoot on unemployment and finishing off with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to consumer and producer surplus, we start with engaging examples to stimulate learners into the topic, we then look at what it actually is with broken down, step-by-step animated diagrams, to make it easy for students to understand, and for the teacher to deliver. We look at changes that might cause consumer and producer surplus to increase or decrease, as well as discussing society surplus with some consolidation activities. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the final two components of aggregate demand - government expenditure (G) and net trade (exports - imports). We start with a recap on investment before looking at different categories of government spending. We then look at some recent examples of how much government has spent as well as the 2021 budget by Rishi Sunak. Students can see the difference between a budget deficit and the national debt. A short exam style question on the increase in tax allowance with a model answer on the following slide. In the second lesson, we look at net trade and factors which affect the UKs net trade balance. An 8 mark question with a model answer for students to look at for improvements to own answers. We finish with a true and false quiz and a box plenary. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the various types of trading agreements that exist such as free trade agreements, customs union, common market and monetary union. We look at each with real life examples, a few video case studies to bring these trading agreements to life. We look at the pros and cons of regional trade agreements before reading a case study on RCEP - with an exam question and answer to look at. In the second part of the lesson we focus on the world trade organisation, its benefits and why the protests happened ‘Battle in Seattle’. Two box plenaries to finish with. Colourful, concise and engaging slides! Thank you